Four individuals form a business and invest amounts. Gary: $11,000; Neil: $4,000; Jill: $5,000; Steve: $8,000. If profits total $5,600 and are distributed in proportion to investments, what is Gary's share?

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Prepare for the Progressive Pre-Employment Assessment Test with targeted practice questions. Sharpen your skills with detailed explanations and hints. Ace your assessment!

Multiple Choice

Four individuals form a business and invest amounts. Gary: $11,000; Neil: $4,000; Jill: $5,000; Steve: $8,000. If profits total $5,600 and are distributed in proportion to investments, what is Gary's share?

Distribute profits in proportion to each partner’s investment. First find the total amount invested: 11,000 + 4,000 + 5,000 + 8,000 = 28,000. Gary’s share of the profits is his fraction of the total investments times the total profit: (11,000 / 28,000) × 5,600. This simplifies to (11/28) × 5,600. Since 5,600 ÷ 28 = 200, the result is 200 × 11 = 2,200. So Gary's share is 2,200.

Four individuals form a business and invest amounts. Gary: $11,000; Neil: $4,000; Jill: $5,000; Steve: $8,000. If profits total $5,600 and are distributed in proportion to investments, what is Gary's share?

Prepare for the Progressive Pre-Employment Assessment Test with targeted practice questions. Sharpen your skills with detailed explanations and hints. Ace your assessment!

Four individuals form a business and invest amounts. Gary: $11,000; Neil: $4,000; Jill: $5,000; Steve: $8,000. If profits total $5,600 and are distributed in proportion to investments, what is Gary's share?

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